Gold and Silver Prices on February 4, 2025: A Detailed Update Across Indian Cities

Gold rates dip slightly while silver prices remain steady; find out the latest trends and factors driving the precious metals market.

February 4, 2025: On February 4, 2025, gold prices in India saw a modest dip, while silver rates remained steady. The price of 24-carat gold dropped to ₹84,213 per 10 grams in Delhi, marking a decrease of ₹440. Meanwhile, silver rates stayed at ₹102,500 per kg without any changes.

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Gold Prices Across India:

• 22-carat gold: ₹7,721.3 per gram (₹400 decrease).
• 24-carat gold: ₹8,421.3 per gram (₹440 decrease).

Over the past week, 24-carat gold prices declined by 3.04%, with a larger dip of 6.84% recorded over the last month.

South Indian Cities: Gold and Silver Rates

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Gold Prices (10 grams of 24-carat gold):

1. Chennai: ₹84,061 (Yesterday: ₹84,511).
2. Bangalore: ₹84,055 (Yesterday: ₹84,505).
3. Hyderabad: ₹84,069 (Yesterday: ₹84,519).
4. Visakhapatnam: ₹84,077 (Yesterday: ₹84,527).
5. Vijayawada: ₹84,075 (Yesterday: ₹84,525).

Silver Prices (per kg):

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1. Chennai: ₹109,600 (Yesterday: ₹109,700).
2. Bangalore: ₹101,500 (Yesterday: ₹101,600).
3. Hyderabad: ₹110,200 (Yesterday: ₹110,300).
4. Visakhapatnam: ₹108,600 (Yesterday: ₹108,700).
5. Vijayawada: ₹111,000 (Yesterday: ₹111,100).

Factors Influencing Precious Metal Prices:

1. Global Demand: The worldwide demand for gold and silver significantly impacts their prices.
2. Currency Fluctuations: Variations in the US dollar and other currencies affect the attractiveness of these metals.
3. Interest Rates: Higher rates make non-interest-bearing assets like gold less appealing.
4. Government Policies: Changes in trade regulations directly influence pricing.
5. Global Events: Economic and geopolitical shifts often drive demand and pricing trends.

Insights from Jewelers:

Jewelry experts note that the market volatility is a combination of global cues and local demand. The outlook remains cautious, with many predicting fluctuations in response to upcoming monetary policies and global economic conditions.

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gold prices, silver rates, Indian markets, gold trends, silver trends, February 2025, global economy, precious metals, market insights